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Annual Disaster Losses

Annual Disaster Losses

Global damage from extreme weather and other natural disasters is set to break the $200 billion a year mark!

The cause behind this trend is a complex combination of many factors including increased population and urban migration, better economies, increased vulnerability and climate change.

The Risk equation is: Risk = Vulnerability x Hazard

We must act to reduce our vulnerability to natural hazards if we are to minimise our losses from these events.

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